Bitcoin Price Today is Down, But the Flagship Cryptocurrency Remains in a Bull Market
Nov 13, 2024 pm 03:16 PM
Bitcoin (BTC) price recorded the first bearish daily close on Tuesday after a 30% rally, with a dragonfly Doji candlestick signaling a potential short-term
Bitcoin price dropped on Tuesday after facing resistance at $89,142 following its recent 30% rally. A dragonfly Doji candlestick signaled a possible short-term cool-down of the recent macro bullish breakout.
However, technical signals like a potential double top and falling RSI suggested a bearish shift. Despite this, Bitcoin remained in a broader bull market with long-term growth potential.
After rallying to a new all-time high (ATH) of about $89,864 earlier this week, Bitcoin price has encountered a significant resistance level of around $89,142.
From a technical analysis standpoint, Bitcoin price has been forming a potential short-term reversal pattern in the four-hourly time frame.
Bitcoin’s midterm bearish sentiment is characterized by a potential double top coupled with a falling divergence of the four-hour Relative Strength Index (RSI). As a result, Bitcoin price is likely to retest the bullish breakout of the previous major resistance around $73.7k.
The above is the detailed content of Bitcoin Price Today is Down, But the Flagship Cryptocurrency Remains in a Bull Market. For more information, please follow other related articles on the PHP Chinese website!
Hot AI Tools
Undress AI Tool
Undress images for free
Undresser.AI Undress
AI-powered app for creating realistic nude photos
AI Clothes Remover
Online AI tool for removing clothes from photos.
Clothoff.io
AI clothes remover
Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!
Hot Article
Hot Tools
Notepad++7.3.1
Easy-to-use and free code editor
SublimeText3 Chinese version
Chinese version, very easy to use
Zend Studio 13.0.1
Powerful PHP integrated development environment
Dreamweaver CS6
Visual web development tools
SublimeText3 Mac version
God-level code editing software (SublimeText3)
Hot Topics
Bitcoin (BTC) Poised for a 90% Rally as Puell Multiple Flashes Golden Cross
Nov 20, 2024 am 10:28 AM
Onchain data analytical platform CryptoQuant has flagged a key Bitcoin (BTC) metric that suggests a potential 90% rally for the leading cryptocurrency.
Bitcoin (BTC) Set to Outperform Gold (XAU) Even Without US Government Backing, Says Luke Gromen
Nov 20, 2024 am 03:20 AM
Veteran macro investor Luke Gromen believes Bitcoin (BTC) is set to outperform gold even without the backing of the US government.
Bitcoin Surpasses $90,000, Shiba Inu Momentum Stalls, Solana Surges
Nov 20, 2024 am 11:21 AM
In addition to surpassing earlier highs, Bitcoin has reached a critical price level of $92,000, which has strengthened its position in the current bullish cycle.
Bitcoin's Journey to $1M Relies on Scarcity, Adoption, and Market Dynamics, Not Magic
Nov 19, 2024 pm 09:36 PM
Bitcoin ETF inflows and treasury adoption push institutional confidence and price growth. Reaching 3% of global wealth could propel Bitcoin's market cap to $20 trillion.
Could Bitcoin (BTC) Price Hit $100k This Month? Here's What the Charts Say
Nov 19, 2024 am 09:34 AM
As Bitcoin continues its upward trajectory, analysts are increasingly discussing the possibility of it reaching $100k in November.
Stellar Lumens (XLM) Price Analysis As Analysts See More Gains Ahead
Nov 20, 2024 am 01:28 AM
After months of consolidation, Stellar price made a strong comeback this month, mirroring the performance of Ripple (XRP), which soared to $1 this week.
Bitcoin Price Prediction: BTC Projected to Hit $200,000 by 2025, $1 Million by 2033
Nov 19, 2024 pm 03:26 PM
Bitcoin (BTC) is projected to achieve $200.000 by the end of next year, increasing from the $150.000 price target last year.
Bitcoin, Ethereum and Dogecoin: Browse the Ocean of Crypto
Jul 02, 2025 pm 10:39 PM
A potential breakthrough for Bitcoin eyes, Ethereum expands its ecosystem, and Dogecoin…well, it’s still Dogecoin. Let's dive into the latest cryptocurrency updates! The crypto world never stops! Bitcoin is testing new highs, Ethereum continues to build, and Dogecoin is still... Dogecoin. Let’s take a look at the latest progress in Bitcoin, Ethereum and Dogecoin to see what is changing in the digital currency field. Bitcoin: Horizontal fluctuations and high forecasts Bitcoin has performed relatively smoothly recently. Although it is in a bull cycle, the price is still consolidating sideways. Cryptocon pointed out that the market is currently in a slow rising stage and the rebound time is still short. But don't be discouraged! TedPillow believes Bitcoin will follow the S&P 500 index